Automotive Spark Plug Market is expected to grow at a significant CAGR during the forecast period from 2021 to 2027. The rising demand for automation in vehicles along with the increasing production of automobiles are the major factors fueling the growth of the automotive spark plug market. An automobile spark plug is an essential component of a vehicle for transmitting electrical current from the ignition system to the combustion chamber of the engine. A spark plug ignites the air and fuel mixture inside the combustion chamber with an electric spark when the pressure inside the combustion chamber is at an optimal level. The spark plug has a magnetic insulator that separates it from the central electrode. It also has a metal threaded shell. There are four types of spark plugs: copper spark plugs, platinum spark plugs, double platinum spark plugs, and iridium spark plugs.
The growing advancement in the electric technology for vehicles is further driving the growth of the market during the forecast period. Asia-Pacific region is expected to dominate the automotive solenoid market during the forecast period due the presence of some the major developing economies in the world including China, India, and South Korea. Major market participants in the automotive spark plug market include NGK Spark Plug Co., Ltd. (Japan), Denso Corporation (Japan), BorgWarner Inc. (U.S.), and Robert Bosch GmbH (Germany) among others.
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A full report of Global Automotive Spark Plug Market is available at: https://www.orionmarketreports.com/automotive-spark-plug-market/57941/
The following Segmentation are covered in this report:
By Type
- Copper
- Platinum
- Iridium
By Demand Category
- OEM
- Replacement
By Vehicle Type
- Two-Wheeler
- Three-Wheeler
- Passenger Cars
- Commercial Vehicle
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Spark Plug Market.
- The market share of the global Automotive Spark Plug Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Spark Plug Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Spark Plug Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
